The Week’s Big MoversFriday, November 30, 2012
The Los Angeles Business Journal’s index of largest local public companies closed up for the week as the broader markets reacted to federal budget negotiations.
The weighted LABJ Stock Index rose more than 1 percent to close at 135.12 for the week ended Nov. 30. Gainers outpaced decliners 121 to 44, with seven companies unchanged.
The biggest gainer was THQ Inc. The Agoura Hills video game developer ended the week up 30 percent to $1.43 after a surge in the stock’s price late Thursday.
Motorcar Parts of America Inc. jumped 28 percent to $6.44. The Torrance maker and distributer of aftermarket automobile parts reported a 26 percent increase in fiscal first quarter revenue.
Semtech Corp. rose 13 percent to $27.35. The Camarillo semiconductor manufacturer beat Wall Street revenue estimates for its fiscal third quarter.
Ceres Inc. rose 13 percent to $4.15. The Thousand Oaks energy-crop seeds developer signed an agreement with a Swiss agriculture company to jointly develop sweet sorghum crops in Brazil.
Among the largest decliners was Sequential Brands Group Inc., falling 17 percent to $4.50. The successor to People’s Liberation Inc. announced that a board member had resigned.
DreamWorks Animation SKG Inc. fell nearly 9 percent to $17.13. The Glendale studio’s latest film, “Rise of the Guardians,” reported opening weekend box office results below expectations.